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Cambria Announces Launch of Cambria US EW ETF (USEW); Joins TAX, ENDW, and GEW as Cambria's Fourth 351 ETF Exchange

MWN-AI** Summary

Cambria Investment Management, in collaboration with ETF Architect, recently announced the launch of its new fund, the Cambria US EW ETF (USEW), which is now trading on NASDAQ. This addition marks Cambria’s fourth ETF launched through the 351 ETF Exchange process, joining existing funds like the Cambria Tax Aware ETF (TAX), Cambria Endowment Style ETF (ENDW), and Cambria Global EW ETF (GEW).

USEW provides investors with diversified exposure to U.S. equities while consciously avoiding traditional market-capitalization weighting. This method helps mitigate concentration risk, reducing overinvestment in the largest companies, which can often carry high valuations. Priced with a competitive expense ratio of 0.25%, USEW aims to offer a cost-effective investment solution catering to evolving market needs. Meb Faber, Cambria’s founder and CIO, emphasizes that USEW presents a balanced approach for those seeking broad U.S. equity exposure.

Upon its launch, USEW accumulated $185.8 million in assets under management, contributing to Cambria’s total ETF portfolio, which now encompasses 20 funds with over $3.3 billion in assets. With its focus on quantitative and systematic investment strategies, Cambria is dedicated to producing strong returns while maintaining lower correlations to traditional asset classes.

As part of its mission, ETF Architect supports Cambria and similar firms by providing operational efficiencies within the ETF structure, enhancing the overall investment landscape. Investors interested in USEW and other Cambria ETFs can find additional information in the fund's prospectus, offering insights into investment objectives and risk factors. Overall, USEW represents a strategic addition to Cambria's suite of offerings for investors seeking innovative equity investment solutions.

MWN-AI** Analysis

Cambria's recent launch of the Cambria US EW ETF (USEW) provides a compelling investment opportunity for those seeking diversified exposure to U.S. equities at a low cost. While many ETFs adhere to traditional market-capitalization weighting—which often leads to over-concentration in the largest, most expensive companies—USEW adopts an equal-weighted approach. This strategy mitigates concentration risk and enhances diversification across a broader range of sectors and companies.

With a competitive expense ratio of 0.25%, USEW positions itself as a cost-efficient option for investors looking to balance their exposure in the U.S. equity market. The fund launched with $185.8 million in assets under management, indicating significant interest from investors seeking innovative investment vehicles.

The addition of USEW expands Cambria's lineup of systematic ETFs, which also includes the Tax Aware ETF (TAX), Endowment Style ETF (ENDW), and Global EW ETF (GEW). This strategic expansion underscores the firm's commitment to providing a multifaceted approach to equity investing while adhering to tax-efficient structures.

Investors should consider the unique characteristics of USEW; while the fund’s equal-weighted method can lead to higher exposure to smaller, potentially more volatile companies, it also allows participation in the growth trajectory of sectors that may not be heavily weighted in traditional indices. However, potential investors should remain aware of the inherent risks involved—such as increased portfolio turnover and the potential for accelerated losses during downturns—given that USEW's focus may lead to higher volatility relative to traditional market-cap-weighted funds.

Overall, USEW presents an attractive, innovative option for investors looking to embrace a more diversified, lower-cost strategy in the U.S. equity market. As always, thorough analysis and consideration of individual risk tolerance should guide investment decisions.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

Low cost, diversified exposure to U.S. equities

Cambria Investment Management , a leader in quantitative, systematic investment solutions, in partnership with ETF Architect, today announced the launch and commencement of trading of the Cambria US EW ETF (USEW) on NASDAQ.

USEW offers investors diversified exposure to U.S. equities. By avoiding traditional market-capitalization weighting, which can result in overconcentration in the largest and often most expensive companies, the fund takes a balanced approach designed to reduce concentration risk and enhance diversification across the U.S. market. USEW is offered with an expense ratio of 0.25%.

“USEW offers investors a cost-efficient way to gain broad exposure to U.S. equities, with a portfolio construction that moves beyond traditional market-cap weighting,” said Meb Faber, founder and chief investment officer of Cambria.

The launch of USEW expands Cambria’s growing lineup of ETFs designed to deliver quantitative, systematic solutions that meet the evolving needs of investors. USEW launched with $185.8 million in AUM and it joins the Cambria Tax Aware ETF (TAX) , the Cambria Endowment Style ETF (ENDW) , and the Cambria Global EW ETF (GEW) as the fourth Cambria ETF to debut following the successful completion of one-time 351 ETF Exchange windows. These windows enable investors to contribute highly appreciated securities before launch in exchange for ETF shares, without triggering immediate capital gains taxes as long as special rules and diversification requirements are met.

With the addition of USEW , Cambria now manages 20 ETFs with over $3.3 billion in assets under management.

About Cambria

Cambria Investment Management, LP ("Cambria" or the "Company") is a registered investment advisor that was formed in 2006. Cambria is an independent, privately owned investment advisory firm focused on quantitative asset management and alternative investments. The Company's mission is to preserve and grow capital by producing above-average absolute returns with low correlation to traditional assets and manageable risk. Cambria investment portfolios and ETFs cover equity-focused strategies, global asset allocation, tail risk, hedged equity, and thematic strategies. The firm manages 20 different ETFs and had over $3.3 billion in assets under management as of 12/12/2025: Cambria Shareholder Yield ETF (SYLD) , Cambria Foreign Shareholder Yield ETF (FYLD) , Cambria Global Value ETF (GVAL) , Cambria Global Momentum ETF (GMOM) , Cambria Global Asset Allocation ETF (GAA), Cambria Emerging Shareholder Yield ETF (EYLD) , Cambria Value and Momentum ETF (VAMO) , Cambria Tail Risk ETF (TAIL) , Cambria Trinity ETF (TRTY) , Cambria Cannabis ETF (TOKE) , Cambria Global Real Estate ETF (BLDG) , Cambria Micro and Small Cap Shareholder Yield ETF (MYLD) , Cambria Tactical Yield ETF (TYLD) , Cambria Chesapeake Pure Trend ETF (MFUT) , Cambria Large Cap Shareholder Yield ETF (LYLD) , Cambria Tax Aware ETF (TAX) , Cambria Fixed Income Trend ETF (CFIT) , Cambria Endowment Style ETF (ENDW) , Cambria Global EW ETF (GEW) , and Cambria US EW ETF (USEW) .

About ETF Architect

ETF Architect is on a mission to help ETF sponsors win by delivering an affordable, easy-to-use, and transparent solution. Via their EA Series Trust, the firm partners with fund managers (hedge, mutual, SMA), registered investment advisors (RIAs), and family offices who want to leverage the material tax and operational efficiencies of the ETF structure. The firm currently manages over $24 billion in assets across 92 different ETFs.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com . Read the prospectus carefully before investing or sending money.

The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.

The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund.

Investing involves risk, including potential loss of capital.

USEW: There is no guarantee that a Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. The Fund seeks to provide diversified exposure to equity securities by employing an approach that avoids traditional market-capitalization weighting. This approach may also lead to greater exposure to smaller companies, which typically exhibit higher volatility and may be less liquid than larger companies. The fund may experience higher portfolio turnover and higher transaction costs than funds with strict market-cap-weighted methodologies. The underlying holdings of the Fund may be leveraged, which will expose the holding to higher volatility and may accelerate the impact of any losses. Narrowly focused funds typically exhibit higher volatility.

There is no guarantee dividends will be paid. Diversification may not protect against market loss.

USEW is actively managed.

USEW is new and has limited operating history.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251218998937/en/

Tyler Bradford
Hewes Communications
Office: 212-207-9454
tyler@hewescomm.com

FAQ**

How does the launch of the Cambria US EW ETF (USEW) provide diversified exposure to U.S. equities compared to traditional market-capitalization weighted ETFs, particularly for stocks like General Electric Company When-Issued GEw?

The Cambria US EW ETF (USEW) offers diversified exposure to U.S. equities by using an equal-weight strategy, which reduces concentration risk in large-cap stocks like General Electric Company and balances investment across smaller companies, enhancing overall portfolio diversity.

In what ways might the lower expense ratio of USEW, at 0.25%, affect its competitive positioning in the ETF market, especially against funds focusing on companies like General Electric Company When-Issued GEw?

The lower expense ratio of USEW at 0.25% may enhance its competitive positioning in the ETF market by attracting cost-conscious investors seeking better long-term returns, especially against higher-cost funds focused on General Electric Company and similar companies.

What are the potential risks associated with the strategy employed by USEW, particularly in relation to equities like General Electric Company When-Issued GEw, and how might these risks impact investor decisions?

The risks associated with USEW's strategy, particularly regarding When-Issued GEw equities, include market volatility, potential liquidity issues, and uncertainty in the company's performance, which could lead investors to reassess their positions and risk tolerance.

Considering USEW's focus on reducing concentration risk, how might its approach influence investment opportunities in sectors where General Electric Company When-Issued GEw operates?

USEW's emphasis on reducing concentration risk may lead to a more diversified investment strategy that minimizes exposure to sectors heavily influenced by General Electric Company, potentially opening up opportunities in underrepresented sectors with stronger growth potential.

**MWN-AI FAQ is based on asking OpenAI questions about Cambria Endowment Style ETF (NASDAQ: ENDW).

Cambria Endowment Style ETF

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